Shaw Stock To Go Ex-dividend Tomorrow (SJR)

NEW YORK ( TheStreet) -- The ex-dividend date for Shaw Communications (NYSE: SJR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $20.42 as of 9:35 a.m. ET, the dividend yield is 4.6%.

The average volume for Shaw has been 179,600 shares per day over the past 30 days. Shaw has a market cap of $8.18 billion and is part of the services sector and media industry. Shares are up 2.8% year to date as of the close of trading on Friday.

Shaw Communications Inc., a diversified communications company, provides broadband cable television, Internet, digital phone, telecommunications, and satellite direct-to-home (DTH) services primarily in Canada and the United States. The company has a P/E ratio of 16.2, above the average media industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Shaw as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Shaw Ratings Report.

See our dividend calendar or top-yielding stocks list.